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Energy

China To Expand Its Influence In The Middle East With Major Oil Deal

Aug 11, 2020 at 17:06 | Simon Watkins

China continues to expand its influence in the Middle East through oil and infrastructure deals, and the latest deal with ADNOC is a great example of how Beijing looks to…

How COVID-19 Completely Disrupted Car Markets

Aug 11, 2020 at 16:09 | Julianne Geiger

The coronavirus pandemic has already destroyed oil demand growth. It has dented oil demand. It has sent oil and gas companies under. It has stymied exploration and production the world…

Lull In Trading Keeps Oil Prices Range-Bound

Aug 11, 2020 at 13:19 | Irina Slav

A seasonal lull in oil trading has kept price movements largely range-bound recently, but this can still change this week as OPEC and the International Energy Agency are…

Robinhood Investors Have A New Favorite Oil Stock

Aug 11, 2020 at 13:05 | Julianne Geiger

If COVID has solidified one thing, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: That means…

Oil Prices Rally On COVID Optimism

Aug 11, 2020 at 12:30 | Josh Owens

Oil prices got a boost on Tuesday on fresh hopes of progress in coronavirus vaccine trials, though the oil industry still has a long road ahead before seeing a full…

Alibaba, UAE-Backed Tesla Competitor Set To IPO In The U.S.

Aug 11, 2020 at 11:27 | Jon LeSage

Chinese electric carmakers continue savoring becoming Tesla-competitive in their home market — while keeping the door open to Tesla’s home court and stock market success. Chinese…

Oil Prices Rise On Renewed Stimulus Hopes

Aug 11, 2020 at 10:52 | Tsvetana Paraskova

Oil prices rose early on Tuesday as equity markets rallied on hopes that the U.S. is close to announcing another stimulus package to support the economy in response to the…

Iranian Oil Exports Much Higher Than Official Data Suggests

Aug 11, 2020 at 09:42 | Charles Kennedy

Iran is exporting a lot more crude oil than U.S. figures suggest, data from TankerTrackers.com has revealed, as reported by NBC News. According to the data, Iran is exporting…

U.S. Oil Producers Take Their Crude Back From The Government

Aug 11, 2020 at 09:11 | Irina Slav

U.S. oil companies have started pulling their crude oil back from government storage tanks, suggesting that the glut that forced them to stash it there in the first place is…

Here’s How Oil Could Skyrocket By 138%

Aug 10, 2020 at 17:38 | David Messler

The market is gradually beginning to give credence to something I've been discussing in past OilPrice articles for a long time now. In a June, 2020 article entitled,…

OPEC’s No.2 Drags Down Output Cut Compliance Rate

Aug 10, 2020 at 17:16 | Julianne Geiger

Since the landmark deal that saw OPEC+ agree to cut nearly 10 million barrels per day of oil production to clear the global gut created by the coronavirus pandemic and…

Green Hydrogen Prices Are Set To Drop By 50% During The Next Decades

Aug 10, 2020 at 16:30 | Irina Slav

Hydrogen, the most abundant element in the universe, has been stealing the spotlight from EVs and renewables lately. From a sort of boutique car fuel a couple of…

Russia Looks To Lure Shell Into New Arctic Oil Project

Aug 10, 2020 at 15:56 | Simon Watkins

Central now to Russia’s hydrocarbons-related power is its Arctic sector oil and gas reserves. These comprise over 35,700 billion cubic metres of natural gas and over 2,300 million…

Big Oil Forced To Change Strategy After The Oil Price Crash

Aug 10, 2020 at 15:02 | Tsvetana Paraskova

In one of the most challenging quarters for the oil industry in recent memory, the five Big Oil firms wrote down nearly US$50 billion from the value of…

Aramco Aims To Boost Production Capacity To 13 Million Bpd

Aug 10, 2020 at 12:59 | Julianne Geiger

While the world is still awash with oil that it cannot quickly get rid of during a time of historic demand crumbling, the world’s largest oil company is looking to…

A String Of Bullish News Is Propping Up Oil Prices

Aug 10, 2020 at 12:18 | Yousef Alshammari

Crude oil markets remained optimistic over the past week supported by several bullish factors. Brent spot prices rose above $46 for the first time since April on a much weaker US…

Saudi Aramco: Asian Oil Demand Recovery Almost At Pre-Crisis Levels

Aug 10, 2020 at 10:57 | Tsvetana Paraskova

The world’s biggest oil-producing and oil-exporting company, state oil giant Saudi Aramco, is optimistic about the pace of oil demand recovery in Asia, chief executive Amin Nasser said on…

Saudi Aramco Sticks With Big Dividend Despite Oil Crash

Aug 10, 2020 at 09:08 | Irina Slav

Saudi Arabia’s oil giant Aramco said it will distribute dividends of $18.75 billion for the second quarter despite taking a severe hit to its earnings from the oil price crash…

Libya's Oil Blockade Will Help Clear The Global Supply Glut

Aug 07, 2020 at 16:11 | Charles Kennedy

Libya's port blockade is set to keep the North African country's oil off the market until at least the fourth quarter of 2020, which, as devastating as it will be…

Oil Prices Post Weekly Gain Despite Struggling Demand

Aug 07, 2020 at 16:08 | Tsvetana Paraskova

Oil prices were down early on Friday as demand concerns persist, but prices were on track for a weekly gain after hitting a five-month high as the U.S. dollar weakened…

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